Regulating artificial intelligence: Proposal for a global solution

With increasing ubiquity of artificial intelligence (AI) in modern societies, individual countries and the international community are working hard to create an innovation-friendly, yet safe, regulatory environment. Adequate regulation is key maximize benefits minimize risks stemming from AI technologies. Developing frameworks is, however, challenging due AI's global reach, agency problems present regulation, existence widespread misconceptions about very notion regulation. This paper makes three claims: (1) Based on interdisciplinary insights, we show that AI-related challenges cannot be tackled effectively without sincere coordination supported by robust, consistent domestic, regional, governance arrangements. (2) Against this backdrop, propose establishment framework spearhead initiatives a consistent, enabling environment, which necessary for successful responsible adoption To facilitate practical implementation our recommendation, provide simplified impact assessment architecture design options, appropriate scope paper. (3) We draw attention communication challenges, believe underestimated barriers hindering contemporary efforts develop regimes. argue fundamental change mindset regarding nature remove these, put forward some recommendations how achieve this.